IGate

iGate, Ltd. The consulting company founded in 2001 is (OOO "IGate"). Since 2006 the company actively develops the new direction of business "OnDemand" - provision of services on demand which with development of Internet technologies was widely adopted in the Western countries, to the USA and Canada and becomes more and more popular in countries of Eastern Europe and Russia. Area of specialization - customer relationship management, resource management of the enterprise and project management.

Igate works in the field of implementation of IT and providing IT services in spheres of finance, in production, in health care and retail trade. In 2014 its revenue made $1.3 billion, at an operational margin of 19%.

Clients

Clients of iGate are telecommunication, trade enterprises and the enterprises of the service industry.

Partnership

iGate has strategic partnership with world suppliers of OnDemand - systems:

• iGate – the authorized partner of NetSuite Inc company. on products NetSuite ERP, NetSuite CRM and NetSuite OneWorld in Russia and the CIS.
• iGate – the authorized partner of OpenAir company in the products OpenAir (project management) in Russia and the CIS.

Business systems (products)

CRM system - the detailed description: NetSuite CRM. ERP system - the detailed description: NetSuite ERP. Project management system - the detailed description: OpenAir PSA.

History

2015: Capgemini absorbs the competitor for $4 billion

The French consulting company Capgemini was going to purchase the American competitor Igate corporation. It was stated on April 27, 2015 by Capgemini.

The transaction is already approved by Boards of Directors of both companies and 54% of shareholders of Igate. The volume of the transaction will be $4 billion.

Igate performs about 80% of the operations in North America. After its purchase from Capgemini the General Electric company and Royal bank of Canada (Royal Bank of Canada) will appear as clients. Revenue of the company in North America will increase approximately by a third.

As expected, purchase of Igate will promote profit increase of Capgemini for 12% in 2016 and for 16% in 2017. As a result of Igate acquisition it will strengthen the directions on providing infrastructure services, business process outsourcing and engineering services

As a result of purchase of the USA will become the largest Capgemini market though the company increased the presence there and own forces. So in the I quarter 2015 Capgemini revenue in North America increased by 34%.

For Igate purchase the French will pay at the rate of $48 for an action while on Friday at the time of closing of the stock Igate on NASDAQ were offered at the price of $45.85.

The transaction will be financed by the cash which is available for Capgemini and also again released debt obligations and stocks of the company (no more than 6% of the capital).